President Donald Trump has said that a deal with Iran, including an agreement to reopen the Strait of Hormuz, was expected to be signed on Sunday.

Oil prices dropped on Sunday after President Donald Trump said an agreement with Iran had been reached and the United States would end its naval blockade on the country.

The US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people and setting the stage for 60 days of negotiations on the fate of the country’s nuclear program.

With the US and Iran inching towards an agreement to end the conflict that began more than three months agio, it’s clear that some factions in Iran are not happy about what’s on offer.

Kai Trump, left, and UFC President and CEO Dana White looks on before a Motorsports athlete and stunt performer does a motorcycle jump ahead of the UFC Freedom 250 fights on the South Lawn of the White House, Saturday, June 13, 2026, in Washington. (AP Photo/Alex Brandon, Pool)

Iran's July funeral for Khamenei is a high-stakes bet that any peace deal with the U.S. will hold, creating a target-rich event, expert warns.

What Iranian officials have said about the terms of the agreement differ from US descriptions. Follow for live updates.